ADRNY - Koninklijke Ahold Delhaize N.V.

Other OTC - Other OTC Delayed Price. Currency in USD
23.63
+0.38 (+1.63%)
At close: 3:59PM EDT
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Previous Close23.25
Open23.42
Bid0.00 x 0
Ask0.00 x 0
Day's Range23.25 - 23.89
52 Week Range20.25 - 27.05
Volume145,087
Avg. Volume242,530
Market Cap25.994B
Beta (5Y Monthly)0.16
PE Ratio (TTM)12.20
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield1.01 (4.35%)
Ex-Dividend DateApr 13, 2020
1y Target EstN/A
  • Junk Bonds Need a Little Love Too
    Bloomberg

    Junk Bonds Need a Little Love Too

    (Bloomberg Opinion) -- Spare a thought for the European high-yield bond market as the euro-zone economy hits a brick wall. A halt to revenues because of the coronavirus lockdowns has brought distress to a whole range of companies, which might be fundamentally sound despite their riskier credit ratings. Although the European Central Bank has put in place comprehensive measures to support bank lending, the transmission mechanism doesn’t always reach where it’s most needed.The ECB’s Quantitative Easing bond-buying programs may exceed 1 trillion euros ($1.1 trillion) this year, but it won’t buy from companies beyond the lowest rung of investment grade debt-rating, BBB. The central bank should think seriously about widening the remit of its corporate sector purchasing program to include junk bonds.Yes, there’s the moral hazard of offering safety to the riskiest group of company borrowers, but these are extraordinary times and these businesses employ people too — and will play a valuable part in any European recovery.  The yield spread between European investment-grade and high-yield debt has ballooned to levels not seen since the euro crisis of 2012, following the bigger U.S. junk bond market into double-digit yield territory — and even wider for the weaker names. That’s hardly surprising when you look at the wall of support that’s been made available to protect the higher grade stuff.  One key funding avenue, the new issue market for euro-denominated high-yield notes, has been shut firmly since February. Trading in the secondary market is very limited too, with spreads between what people are asking for and what people are bidding now several percentage points apart. The market has split in two, with companies that have defensive qualities trading by appointment. Those exposed to the cyclical nature of the economy (if we can even term this a cycle) are barely trading at all.Most high-yield names are being treated as default risks because of the abrupt stop to Europe’s economy. Leverage is the real killer: Companies that have a lot of debt or who’ve been on an acquisition spree look vulnerable. Some who are too reliant on super-cheap financing, which has been abundant until now, will fail.Before Covid-19 struck it was halcyon days for euro high-yield bonds, with historically low servicing costs as negative benchmark rates and super-tight credit spreads allowed many companies to extend the maturity of their debt and build resilience to the (normal) economic cycle. Credit-rating standards had steadily relaxed, letting the new-issue market tolerate ever higher levels of leverage. No longer.February was a record month for redemptions from dedicated euro high-yield funds, worth about 68 billion euros, and March will almost certainly be worse. According to data from JP Morgan Chase & Co., more than 10% of the money in European high-yield funds cashed out between the start of the year and March 25, with more than 8 billion euros redeemed. Redemptions from high-yield exchange-traded funds (ETFs) have exceeded 15%, which is causing real problems. ETFs are often invested in the larger, more liquid junk-bond issues, which are being sold first. This leaves the more illiquid names.There appears to be three possible outcomes from high-yield issuers: they plunge into the distressed-debt ranks; they’re bailed out; or they’re sufficiently well-funded to ride this out. Loxam SAS, a French construction machinery renter, has seen its 5.75% 2027 bond more than halve in price this month, pushing the yield on offer to more than 20%. That’s well into the distressed debt category.The operator of Eurotunnel, Getlink SE’s 3.625% 2023 bond has fallen 13% in value but the yield is relatively robust at about 6%. Its leverage is very high, but it can rely on a strong revenue stream — at least when people are allowed to travel again. Although traffic through the Channel Tunnel has dried up, it’s a critical part of Europe’s infrastructure.A French packaging company, Crown European Holdings SA, secured the lowest ever coupon on a euro junk bond back in October, at just 0.75% (that’s how heady times were back then). It has fared better than the rest of the sector recently, having bought itself more breathing room through such fantastic terms.The ECB’s unprecedented stimulus is having some knock-on effect in controlling spreads for everybody (even junk bonds); and with investment-grade corporate issuance roaring back into life this week, there’s some prospect of relief for the new issue high-yield market this year.BBB-rated companies such as Koninklijke Ahold Delhaize NV and Compagnie de Saint-Gobain both saw huge demand for their new bond deals in recent days. That may bode well for the higher quality end of the junk bond market, especially if its higher yields attract investors who still can’t squeeze great returns from investment-grade bonds.There’s clearly cash available if confidence can be extended to the unloved parts of the corporate sector. But nothing can be left to chance; time for the ECB to widen its scope. This column does not necessarily reflect the opinion of Bloomberg LP and its owners.Marcus Ashworth is a Bloomberg Opinion columnist covering European markets. He spent three decades in the banking industry, most recently as chief markets strategist at Haitong Securities in London.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Belgian supermarket chain moves to protect older people from coronavirus
    Reuters

    Belgian supermarket chain moves to protect older people from coronavirus

    Belgian supermarket chain Delhaize has moved to protect its customers over 65 years of age -- the age group most at risk from the coronavirus epidemic -- by reserving the first hour after its shops open only for elderly shoppers. Despite the especially reserved time there were still lines of elderly shoppers waiting to enter shops on Wednesday because of a restriction that only 150 people can be in a Delhaize supermarket at any given time, to limit the risk of infection. "We chose the first hour of operation of the shops, from 0800 to 0900, to give the elderly customers access to all produce in the store and because the premises have just been cleaned," Delhaize spokeswoman Karima Ghozzi told Reuters.

  • Zacks.com featured highlights include: Macy's, Janus Capital, Rocky Brands, PG&E and Koninklijke Ahold Delhaize
    Zacks

    Zacks.com featured highlights include: Macy's, Janus Capital, Rocky Brands, PG&E and Koninklijke Ahold Delhaize

    Zacks.com featured highlights include: Macy's, Janus Capital, Rocky Brands, PG&E and Koninklijke Ahold Delhaize

  • Looking for Value? Why It Might Be Time to Try Ahold Delhaize (ADRNY)
    Zacks

    Looking for Value? Why It Might Be Time to Try Ahold Delhaize (ADRNY)

    Ahold Delhaize (ADRNY) seems to be a good value pick, as it has decent revenue metrics to back up its earnings, and is seeing solid earnings estimate revisions as well.

  • Koninklijke Ahold Delhaize N.V. Full-Year Results: Here's What Analysts Are Forecasting For Next Year
    Simply Wall St.

    Koninklijke Ahold Delhaize N.V. Full-Year Results: Here's What Analysts Are Forecasting For Next Year

    Koninklijke Ahold Delhaize N.V. (AMS:AD) shares fell 9.4% to €21.18 in the week since its latest annual results. It...

  • U.S. stores, online sales boost Ahold's quarterly profit
    Reuters

    U.S. stores, online sales boost Ahold's quarterly profit

    Ahold, which generates two-thirds of its sales in the United States, forecast 2020 margins "broadly in line" with last year and mid-single-digit growth in underlying earnings per share. Sales rose 5.5% to 17.4 billion euros, helped by a strong dollar. In the U.S. market, where it is concentrated in the eastern United States and also operates the Stop & Shop and Giant chains, comparable sales grew 2.3%.

  • Does Koninklijke Ahold Delhaize N.V. (AMS:AD) Create Value For Shareholders?
    Simply Wall St.

    Does Koninklijke Ahold Delhaize N.V. (AMS:AD) Create Value For Shareholders?

    Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...

  • How to Time the Markets Like an Investing Pro - January 24, 2020
    Zacks

    How to Time the Markets Like an Investing Pro - January 24, 2020

    Have you ever dreamed of being that one in a million investor who has the talent to perfectly time the markets?

  • Benzinga

    A Dutch Brewing Company And Grocery Conglomerate Were 2 Of The Most Actively Traded Securities On OTC Markets In December

    Two Dutch companies were among the most actively traded securities on OTC Markets in December, the first time all year that companies from northern Europe had such high trading volume in a given month. ...

  • Is Koninklijke Ahold Delhaize N.V.’s (AMS:AD) Return On Capital Employed Any Good?
    Simply Wall St.

    Is Koninklijke Ahold Delhaize N.V.’s (AMS:AD) Return On Capital Employed Any Good?

    Today we'll look at Koninklijke Ahold Delhaize N.V. (AMS:AD) and reflect on its potential as an investment...

  • Simple Market Timing Strategies That Work - December 20, 2019
    Zacks

    Simple Market Timing Strategies That Work - December 20, 2019

    In the long-run, does consistent market timing really matter to be a successful investor?

  • Are Investors Undervaluing Koninklijke Ahold Delhaize N.V. (AMS:AD) By 46%?
    Simply Wall St.

    Are Investors Undervaluing Koninklijke Ahold Delhaize N.V. (AMS:AD) By 46%?

    In this article we are going to estimate the intrinsic value of Koninklijke Ahold Delhaize N.V. (AMS:AD) by taking the...

  • When Does Market Timing Actually Work? - November 11, 2019
    Zacks

    When Does Market Timing Actually Work? - November 11, 2019

    In the long-run, does consistent market timing really matter to be a successful investor?

  • Have Insiders Been Selling Koninklijke Ahold Delhaize N.V. (AMS:AD) Shares?
    Simply Wall St.

    Have Insiders Been Selling Koninklijke Ahold Delhaize N.V. (AMS:AD) Shares?

    We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. On...

  • Simple Market Timing Strategies That Work - October 15, 2019
    Zacks

    Simple Market Timing Strategies That Work - October 15, 2019

    In the long-run, does consistent market timing really matter to be a successful investor?

  • Is Koninklijke Ahold Delhaize N.V. (AMS:AD) A Smart Choice For Dividend Investors?
    Simply Wall St.

    Is Koninklijke Ahold Delhaize N.V. (AMS:AD) A Smart Choice For Dividend Investors?

    Today we'll take a closer look at Koninklijke Ahold Delhaize N.V. (AMS:AD) from a dividend investor's perspective...

  • GuruFocus.com

    Ariel's Rhupal Bhansali's Philosophy of Non-Consensus Investing

    A summary of Bhansali's investment philosophy and four stock picks Continue reading...

  • Here's How P/E Ratios Can Help Us Understand Koninklijke Ahold Delhaize N.V. (AMS:AD)
    Simply Wall St.

    Here's How P/E Ratios Can Help Us Understand Koninklijke Ahold Delhaize N.V. (AMS:AD)

    This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios...

  • How to Time the Markets Like an Investing Pro - September 19, 2019
    Zacks

    How to Time the Markets Like an Investing Pro - September 19, 2019

    In the long-run, does consistent market timing really matter to be a successful investor?

  • Ahold's CFO to leave company in 2020
    Reuters

    Ahold's CFO to leave company in 2020

    Ahold Delhaize , the Dutch-American supermarket operator, said on Monday its chief financial officer will leave the company when his term expires in April 2020. Jeff Carr has served as CFO at Ahold, the largest supermarket operator on the U.S. East Coast, since 2011.

  • Is Koninklijke Ahold Delhaize (AMS:AD) A Risky Investment?
    Simply Wall St.

    Is Koninklijke Ahold Delhaize (AMS:AD) A Risky Investment?

    Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...

  • The Market Timing Secrets No One Talks About - September 04, 2019
    Zacks

    The Market Timing Secrets No One Talks About - September 04, 2019

    Have you ever dreamed of being that one in a million investor who has the talent to perfectly time the markets?

  • When Does Market Timing Actually Work? - September 02, 2019
    Zacks

    When Does Market Timing Actually Work? - September 02, 2019

    Have you ever dreamed of being that one in a million investor who has the talent to perfectly time the markets?

  • Is Koninklijke Ahold Delhaize N.V.'s (AMS:AD) 13% ROE Strong Compared To Its Industry?
    Simply Wall St.

    Is Koninklijke Ahold Delhaize N.V.'s (AMS:AD) 13% ROE Strong Compared To Its Industry?

    Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...